NTPC and Avaada Energy declared winners in 500 MW solar project auction of MSEDCL

NTPC Renewable Energy Limited and Avaada Energy have been declared winners in an auction conducted by Maharashtra State Electricity Distribution Company Limited (MSEDCL) to procure power from 500 MW of grid-connected inter or intrastate solar projects (Phase-VIII) on a long-term basis.

NTPC Renewable Energy has bagged 200 WM by quoting Rs 2.82 per kWh, while Avaada Energy has bagged 300 MW at a tariff of Rs 2.83 per kWh. As per the terms of the tender, the projects can be set up anywhere in India and are required to supply power to MSEDCL at the state grid in case projects are set up in Maharashtra (intra-state projects) and Western Region periphery.